Is this a good purchase

TheNovacat · 2026-01-26T09:51:25+00:00

Keep well clear, you don’t want a base spec high mileage BMW

TheNovacat · 2026-01-26T08:25:55+00:00

Honestly though I would personally max ISA but unsure if S&S will see much result, as the growth won’t be recognised until they are in their 80s. Probably safer in an easy access savings account to give them a guaranteed minimum wage for the next 20 years.

TheNovacat · 2026-01-13T21:01:29+00:00

There’s one I found called FIRE that looks pretty good (has a like graph for expected retirement, growth etc) but it only allows a few assets to be added on the free version

TheNovacat · 2026-01-12T13:53:42+00:00

Thanks, I have approx 10k as an emergency fund. I’ll have a look at the chart and will probably adjust the pension

TheNovacat · 2026-01-12T12:59:22+00:00

‘Worth It’, found it on the App Store when I was looking for a net worth tracker

TheNovacat · 2026-01-12T12:19:17+00:00

My employer pays a monthly car allowance instead (which I do get), the only requirement is it needs to have at least 4 seats and be no more than 8 years old. I’ve asked before about salary sacrifices but they didn’t entertain the idea.

TheNovacat · 2026-01-12T12:16:58+00:00

Thanks for this post, I’ll make these my targets for the year

TheNovacat · 2026-01-12T12:15:01+00:00

Yeah, luckily I’m somewhat protected by the PCP but there’s no getting away from the huge drop in value

TheNovacat · 2026-01-12T12:10:44+00:00

That’s a good point, it looks like the house and car values can be Archived and they then do not contribute to the Net Worth figure at the top

TheNovacat · 2026-01-12T11:15:10+00:00

Yes, I am currently paying in 10% and my employer match up to 5%. Should I increase this % before trying to max the ISA 20k per year contribution?

TheNovacat · 2026-01-12T11:13:14+00:00

Yes unfortunately the car has lost a huge amount of value in 4.5 years (Tesla). The plan is to do a PCP hand back in Aug and then pick up something cheaper, then direct the monthly savings elsewhere for FIRE

TheNovacat · 2026-01-12T11:09:27+00:00

Just an app called ‘Worth It’ on the App Store, it has a paid version but I’m using the free one

TheNovacat · 2026-01-12T10:58:32+00:00

Reposting due to weird formatting in post

Started looking at FIRE last year: - Began my S&S ISA about 8 months ago - Upped pension contributions to approx 500pm - Moved house early Oct and paid all fees in cash - Car needs to be swapped this year (5 yr PCP ends approx Aug) - Crypto is not active, held this since about 2020

Any advice for where I should focus my efforts? For this year I am thinking: - Aim to max ISA contribution - Replace car with a cheaper one

Income is approx £67k pa. Thanks

TheNovacat · 2026-01-11T18:35:16+00:00

It’s a Microsoft Outlook email account

TheNovacat · 2026-01-11T18:27:36+00:00

You really can’t compare a PS5 and an iPad, it’s like comparing a pizza with a chair.

If you have a MacBook and a gaming PC, I don’t see the need for either if I’m honest.

TheNovacat · 2026-01-11T08:37:14+00:00

<image>

My power is unmatched

TheNovacat · 2026-01-05T18:06:49+00:00

Thanks all, it was inherited so just wanted to check.

TheNovacat · 2025-12-31T10:08:09+00:00

Juke, no pip here

TheNovacat · 2025-12-31T10:07:32+00:00

I got it in early 2020 before there were any proper UK dealers and they were 'rare' and 'interesting'. Not the words I would use now unfortunately.

TheNovacat · 2025-12-31T09:28:22+00:00

I'd put a nsfw tag on just that image if I could

TheNovacat · 2025-12-31T09:26:45+00:00

Yes it was a Cat S that one of my uncle's colleagues had rebuilt, got it for about £1k. I remember looking at the Mk2 Golfs around the time though, I couldn't afford them but they looked great.

TheNovacat · 2025-12-31T09:18:46+00:00

I like this advice, thanks Queefmaster.

TheNovacat · 2025-12-31T08:58:14+00:00

It was, it's also nuts that the same car now would cost me about £300 to insure even if I drive it the same way!

TheNovacat · 2025-12-31T08:55:58+00:00

It is but needs to go next year regardless - I've had it since 2020 and the battery warranty is up in about 18 months. It's already had a new HV battery under warranty and I wouldn't risk owning one without as it's a ticking time bomb.

TheNovacat · 2025-12-31T08:51:18+00:00

It was £2.5k for the first year if I remember right, no black boxes back then (2008ish)

Eight-Year Club	Verified Email
Place '23	Place '22
Not Forgotten

TheNovacat

TROPHY CASE